Some BOJ Members Prefer Larger Range for JGB Yield Target

TOKYO—The minutes of the Bank of Japan’s policy board meeting released Tuesday showed some members preferred a larger range for the 10-year Japanese government bond yield target.

“It was appropriate for the Bank to allow the long-term yields to move upward and downward by around 0.25 percent,” one member said, pointing to long-term interest rates in other major economies, according to the minutes of the board’s meeting held on July 30-31.

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